As a result of collapsing oil prices and the global Covid-19 pandemic, we’ve revised the annual 10-year Market Forecast of Global Industrial Gas Turbine Sales.
As national economies take tentative steps toward reopening in the wake of the global Covid-19 pandemic, GTW’s Forecast offers insight into timing the economic recovery.
The GTW Market Forecast offers data on historical sales (by OEM, unit, and market share), and projects sales based upon expected market drivers.
The Market Forecast is an essential tool to understand where the industry is going.
Equipment-only sales forecast totaling $54.2 billion, expected by 2025 for Heavy Duty, Light Industrial and Aeroderivative gas turbine orders by the Electric Power Utility and Oil & Gas sectors of the world market.
With close to 100 units already in service since its launch 15 years ago, the Siemens SGT-700 industrial gas turbine is now set to finally make its mark on the Chinese CHP sector with a new project in Guangdong province.
The 10-year aftermarket for gas turbine-only maintenance has declined from around $239B in 2015 to $200B in 2018, down nearly 16.3% in the last 4 years.